Rena purchased 200 shares of an equity mutual fund. During the year she received $3 per share in dividend distributions, $2 in capital gain distributions, and capital gains of $1,100 when she sold the stock after owning it eight months. What are the tax consequences of Rena's ownership of this equity fund? Rena is in a 40% marginal tax bracket.

The federal tax consequences of Rena's ownership of this stock fund are?